GSA Capital Partners LLP lowered its stake in shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 62.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 88,434 shares of the oil and gas company’s stock after selling 145,811 shares during the quarter. GSA Capital Partners LLP owned 0.22% of Aegean Marine Petroleum Network worth $438,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Aegean Marine Petroleum Network by 9.1% during the 2nd quarter. State Street Corp now owns 39,837 shares of the oil and gas company’s stock valued at $233,000 after purchasing an additional 3,324 shares during the last quarter. American Century Companies Inc. boosted its holdings in Aegean Marine Petroleum Network by 2.3% during the 3rd quarter. American Century Companies Inc. now owns 533,385 shares of the oil and gas company’s stock valued at $2,640,000 after acquiring an additional 11,824 shares during the period. Virtu KCG Holdings LLC boosted its holdings in Aegean Marine Petroleum Network by 107.7% during the 2nd quarter. Virtu KCG Holdings LLC now owns 30,364 shares of the oil and gas company’s stock valued at $178,000 after acquiring an additional 15,746 shares during the period. Northern Trust Corp boosted its holdings in Aegean Marine Petroleum Network by 107.8% during the 2nd quarter. Northern Trust Corp now owns 31,785 shares of the oil and gas company’s stock valued at $187,000 after acquiring an additional 16,489 shares during the period. Finally, MML Investors Services LLC boosted its holdings in Aegean Marine Petroleum Network by 68.8% during the 2nd quarter. MML Investors Services LLC now owns 41,857 shares of the oil and gas company’s stock valued at $245,000 after acquiring an additional 17,065 shares during the period. 62.31% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the company. ValuEngine cut Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Group assumed coverage on Aegean Marine Petroleum Network in a report on Monday, December 18th. They set a “buy” rating and a $7.00 price objective for the company. Zacks Investment Research cut Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Finally, Stifel Nicolaus dropped their price objective on Aegean Marine Petroleum Network from $9.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Aegean Marine Petroleum Network presently has an average rating of “Hold” and a consensus target price of $7.00.

Aegean Marine Petroleum Network Inc. (NYSE:ANW) opened at $4.55 on Friday. Aegean Marine Petroleum Network Inc. has a 1-year low of $3.20 and a 1-year high of $13.00. The company has a current ratio of 1.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $176.79, a price-to-earnings ratio of 7.13 and a beta of 2.09.

Aegean Marine Petroleum Network (NYSE:ANW) last posted its quarterly earnings data on Wednesday, November 15th. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.20). Aegean Marine Petroleum Network had a net margin of 0.28% and a return on equity of 4.26%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the firm earned $0.36 EPS. Aegean Marine Petroleum Network’s revenue was up 17.9% compared to the same quarter last year. equities analysts expect that Aegean Marine Petroleum Network Inc. will post 0.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Tuesday, November 28th. Aegean Marine Petroleum Network’s dividend payout ratio is 21.05%.

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About Aegean Marine Petroleum Network

Aegean Marine Petroleum Network Inc is an international marine fuel logistics company. The Company markets and physically supplies refined marine fuel and lubricants to vessels in port, at sea and on rivers. As a physical supplier, the Company procures marine fuel from refineries, oil producers and other sources, and resells and delivers these fuels from its bunkering vessels to a range of end users.

Institutional Ownership by Quarter for Aegean Marine Petroleum Network (NYSE:ANW)

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